Economy update
The Indian economy is on fire as the August composite PMI of the private manufacturing and service sectors registered an impressive jump. Japanese manufacturing, on the other hand, contracted. In the EU, the composite index reached its highest level since May, mainly due to an impressive increase in new orders. US data is out this afternoon, and focus will also shift to the central bankers’ meeting. The Nasdaq sell-off is causing some anxiety. European stocks are slightly lower, and the dollar is advancing.
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